Toledo, OH Rental Market Trends
Last updated: October 22, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Toledo is $968, a 2.34% increase compared to the previous year, when the average rent was $946.
Studio Apartments at $668 offer the most budget-friendly option with 403 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 644 square feet for $841, balancing privacy and affordability.
Two-beedroom units at $1,020 offer 908 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,234 sq ft) for $1,330, suitable for larger households.
Average rent in Toledo, OH
Last updated: October 22, 2025
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $968 | 812 sq. ft. |
| Studio | $668 | 403 sq. ft. |
| 1 Bed | $841 | 644 sq. ft. |
| 2 Beds | $1,020 | 908 sq. ft. |
| 3 Beds | $1,330 | 1,234 sq. ft. |
Toledo, OH rent trends
Rental prices in Toledo, OH have increased by 2.34% over the past year. The average rent moved from $946 to $968.
What's the typical rent budget in Toledo, OH?
The largest share of rentals in Toledo, OH (66%) fall between - per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Toledo, OH?
56,006 or 47% of the households in Toledo, OH are renter-occupied while 62,502 or 53% are owner-occupied.
Most affordable neighborhoods in Toledo?
South Side Toledo $778/month
South Side Toledo $778/month
Whitmer - Trilby $793/month
All of these neighborhoods fall below the city wide average of $968/month.Most expensive neighborhoods in Toledo?
Hampton Park $943/month
Downtown Toledo $1,167/month
Downtown Toledo $1,167/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Toledo, OH By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Downtown Toledo | $1,167 |
| Downtown Toledo | $1,167 |
| Hampton Park | $943 |
| Hampton Park | $943 |
| Reynolds Corners | $926 |
| Reynolds Corners | $926 |
| Glendale - Heatherdowns | $923 |
| Glendale - Heatherdowns | $923 |
| Southwyck | $892 |
| Southwyck | $892 |
| Franklin Park | $876 |
| Franklin Park | $876 |
| Whitmer - Trilby | $793 |
| Whitmer - Trilby | $793 |
| South Side Toledo | $778 |
| South Side Toledo | $778 |
/
/
Toledo | Rent Comparison by Neighborhood
Rent in Downtown Toledo is the same as in Downtown Toledo
$1,167
Downtown Toledo rent is 20% higher than Toledo average
Average Rent
$1,167
$1,167
Downtown Toledo rent is 20% higher than Toledo average
Average Rent
$1,167
How Toledo Compares to Other Cities
| City | Average Rent |
|---|---|
| Toledo | $968 |
| Westerville | $1,535 |
| Cleveland | $1,543 |
| Cincinnati | $1,452 |
| Columbus | $1,340 |
| Dayton | $1,086 |
| Warren | $915 |
| Akron | $1,102 |
| Northwest Ohio | $1,082 |
| Temperance, MI | $1,370 |
| Bowling Green, OH | $1,054 |
| Oregon, OH | $966 |
| Perrysburg, OH | $1,464 |
| Sylvania, OH | $1,280 |
| Maumee, OH | $1,120 |
| Holland, OH | $1,229 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Toledo apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.